Take a look at the chart above, we can see trading increasing a lot as EMA10 and EMA50 are broken.
EMA100 (purple line) is the resistance that is being challenged now. Closing above this level can push SALT to grow 100%+ easy and fast.
A close below EMA100 would mean additional consolidation before moving higher or even lower prices... But the bulls are now taking full control.
The chart is fully , make sure to have a plan, and strategy, if you decide to trade based on this call.
This is Alan Masters.
Thanks a lot for reading.